Correlation Between INLIF LIMITED and DevvStream Corp

Can any of the company-specific risk be diversified away by investing in both INLIF LIMITED and DevvStream Corp at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining INLIF LIMITED and DevvStream Corp into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between INLIF LIMITED Ordinary and DevvStream Corp Common, you can compare the effects of market volatilities on INLIF LIMITED and DevvStream Corp and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in INLIF LIMITED with a short position of DevvStream Corp. Check out your portfolio center. Please also check ongoing floating volatility patterns of INLIF LIMITED and DevvStream Corp.

Diversification Opportunities for INLIF LIMITED and DevvStream Corp

0.38

Correlation Coefficient

INLIF LIMITED  DevvStream Corp

Weak diversification

The 3 months correlation between INLIF and DevvStream is 0.38. Overlapping area represents the amount of risk that can be diversified away by holding INLIF LIMITED Ordinary and DevvStream Corp Common in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on DevvStream Corp Common and INLIF LIMITED is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on INLIF LIMITED Ordinary are associated (or correlated) with DevvStream Corp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DevvStream Corp Common has no effect on the direction of INLIF LIMITED i.e., INLIF LIMITED and DevvStream Corp go up and down completely randomly.

Pair Corralation between INLIF LIMITED and DevvStream Corp

Given the investment horizon of 90 days INLIF LIMITED Ordinary is expected to under-perform the DevvStream Corp. But the stock apears to be less risky and, when comparing its historical volatility, INLIF LIMITED Ordinary is 1.63 times less risky than DevvStream Corp. The stock trades about -0.18 of its potential returns per unit of risk. The DevvStream Corp Common is currently generating about -0.09 of returns per unit of risk over similar time horizon. If you would invest  252.00  in DevvStream Corp Common on August 21, 2025 and sell it today you would lose (103.00) from holding DevvStream Corp Common or give up 40.87% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	100.0%
Values	Daily Returns

INLIF LIMITED Ordinary  vs.  DevvStream Corp Common

INLIF LIMITED Ordinary

Risk-Adjusted Performance

Weakest

Over the last 90 days INLIF LIMITED Ordinary has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's essential indicators remain nearly stable which may send shares a bit higher in December 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

DevvStream Corp Common

Risk-Adjusted Performance

Weakest

Over the last 90 days DevvStream Corp Common has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in December 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Pair Trading with INLIF LIMITED and DevvStream Corp

The main advantage of trading using opposite INLIF LIMITED and DevvStream Corp positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if INLIF LIMITED position performs unexpectedly, DevvStream Corp can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DevvStream Corp will offset losses from the drop in DevvStream Corp's long position.

The idea behind INLIF LIMITED Ordinary and DevvStream Corp Common pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.